2m-4 = x+nx switch sides
2m-4 = x (1+n) common factor
2m-4/1+4 = x divide both side by 1-x
Answer:
2.897
Step-by-step explanation:
Let us find the mean and variance for the sample first.
105 104 110 112
114 106 108 109
Mean = sum/8 = 108.5
Variance = 12
Std dev = sq rt of variance = 3.464
Std error = std dev/ sq rt n
since n =8, we get std error = 1.225
Since sample size is small, df =8-1 =7
For 95% confidence intervals, t critical value for two tailed=2.365
Margin of error = std error x t critical = 1.225(2.365)
=2.897
After 12 years
3500 * 2 = 7000
after 24 years
7000 * 2 = 14000
14000 : 3500 = 4
so the answer is 24 years
